25-U.S.C.-4193
§4193 – Payment of Interest
Pathway
Title 25 > Chapter 43 > Subchapter VI > Section 4193
Details
- Reference: Section 4193
- Legend: §4193 – Payment of Interest
- USCode Year: 2013
Provision Content
The Secretary may make, and contract to make, grants, in such amounts as may be approved in appropriations Acts, to or on behalf of an Indian tribe or housing entity issuing notes or other obligations guaranteed under this subchapter, to cover not to exceed 30 percent of the net interest cost (including such servicing, underwriting, or other costs as may be specified in regulations of the Secretary) to the borrowing entity or agency of such obligations. The Secretary may also, to the extent approved in appropriations Acts, assist the issuer of a note or other obligation guaranteed under this subchapter in the payment of all or a portion of the principal and interest amount due under the note or other obligation, if the Secretary determines that the issuer is unable to pay the amount because of circumstances of extreme hardship beyond the control of the issuer.
(Pub. L. 104–330, title VI, §603, Oct. 26, 1996, 110 Stat. 4047.)
Effective Date
Section effective Oct. 26, 1996, see section 606 of Pub. L. 104–330, set out as a note under section 4191 of this title.
U.S. Encyclopedia of Law Coverage
25-U.S.C.-4191 in the Legal Encyclopedia: Indians
In this entry about 25-U.S.C.-4191, find legal reference material, bibliographies and premiere content related to indians in the American Encyclopedia of Law, presenting a comprehensive view of the United States indians-specific issues, written by authorities in the field.
Subchapter VI – Federal Guarantees For Financing For Tribal Housing Activities in the Legal Encyclopedia: Housing
In this entry about Subchapter VI – Federal Guarantees For Financing For Tribal Housing Activities, find legal reference material, bibliographies and premiere content related to housing in the American Encyclopedia of Law, presenting a comprehensive view of the United States housing-specific issues, written by authorities in the field.
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